Now I get why USD1's price dipped today—it turns out @lista_dao just added a ton of USD1 liquidity to the pool. Those of you who wanted to farm that 20% APY but were worried about the token price dropping can finally relax. Back when Binance Savings was subsidizing USD1, people rushed to @VenusProtocol to stake BTCB and borrow USD1, and it got borrowed out instantly. The lending rate on Venus even shot up to 15%. I had to swap some SolvBTC to borrow, and the APY hit 6% at one point. Today, Lista added over 20M USD1 to the pool in one go, and the APY has dropped significantly. Now borrowing APY is only 1.25%. If you’ve got tokens and a Binance account, go farm some rewards!